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Maine home sales and prices continue to surge in late winter

March 28, 2021 GMT

AUGUSTA, Maine (AP) — Maine home sales continued to surge through the winter, and prices have also jumped in the state.

The Maine Association of Realtors said high demand for single-family existing homes in the state led to a sales increase of nearly 23% in February 2021 compared to February 2020. Prices of homes also rose nearly 13% to a median sales price of $244,900, the association said.

The trends in Maine were similar to nationwide sales trends. Association president Aaron Bolster said the statewide days-on-the-market stat was 21 days for February 2021 compared to 52 days for February 2020.

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Sales volume and prices increased in every county in the state. The highest price increase was in Lincoln County, while the highest volume increase was in Washington County.